Outpatient Care - Bosnia and Herzegovina

Bosnia and Herzegovina

The Outpatient Care market in Bosnia and Herzegovina is expected to witness significant growth in the coming years.
According to projections, the revenue is anticipated to reach US$157.50m in 2024.
Furthermore, the market is expected to exhibit a compound annual growth rate (CAGR) of 6.84% from 2024 to 2029, resulting in a market volume of US$219.30m by 2029.
When compared globally, it is worth noting that in the United States is expected to generate the highest revenue in the Outpatient Care market, with an estimated amount of US$744.80bn in 2024.
The Outpatient Care market in Bosnia and Herzegovina is experiencing a surge in demand for specialized clinics and telemedicine services.

Key regions: France, Germany, United Kingdom, Canada, United States

Market

Region

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Currency

Analyst Opinion

The Outpatient Care market in Bosnia and Herzegovina has experienced significant growth in recent years.

Customer preferences: The increasing demand for outpatient care services in Bosnia and Herzegovina can be attributed to several factors. Firstly, there has been a shift towards preventive care, with individuals seeking to maintain good health and prevent the onset of chronic conditions. Additionally, the aging population in Bosnia and Herzegovina has led to an increased demand for healthcare services, including outpatient care.

Trends in the market: One of the key trends in the Outpatient Care market in Bosnia and Herzegovina is the growing adoption of telemedicine. This technology allows patients to receive medical consultations and treatment remotely, reducing the need for in-person visits to healthcare facilities. Another trend is the increasing use of electronic health records, which enable healthcare providers to access patient information quickly and easily, improving the quality of care.

Local special circumstances: Bosnia and Herzegovina has a fragmented healthcare system, with a mix of public and private providers. This has resulted in significant regional disparities in healthcare access and quality. In addition, the country has a shortage of healthcare professionals, particularly in rural areas, which has led to long waiting times for outpatient care services.

Underlying macroeconomic factors: The Outpatient Care market in Bosnia and Herzegovina is influenced by several macroeconomic factors. Firstly, the country has a relatively low GDP per capita, which limits the ability of individuals to pay for healthcare services. This has led to a reliance on public healthcare services, which are often underfunded and understaffed. Additionally, the country has a high unemployment rate, which has led to a decrease in private health insurance coverage. Finally, Bosnia and Herzegovina has a complex regulatory environment, which can make it difficult for healthcare providers to operate efficiently.

Methodology

Data coverage:

Data encompasses B2B, B2G, and B2C spend. Figures are based on revenue received by hospitals from public or private sources, allocated to the country where the money is spent, including VAT if applicable.

Modeling approach / Market size:

Market sizes are determined by a bottom-up approach, based on a specific rationale for each market market. Next, we use relevant key market indicators and data from country-specific associations, such as healthcare expenditure per capita, health risk factors, public health spend, and GDP. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of techniques is based on the behavior of the particular market. For example, forecasts are based on historical developments, current trends, and key market indicators, using advanced statistical methods.

Additional notes:

Data is modeled in US$ using current exchange rates. The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.